Entrust Datacard and FSS enter strategic partnership

21/04/15

Entrust Datacard has entered into a strategic partnership with Financial Software and Systems (FSS) – a payments technology and transaction processing firm operating in the Indian market. Through this partnership, Entrust Datacard and FSS will offer instant, in-branch card issuance solutions to support various social security and financial inclusion initiatives.

FSS has spearheaded the growth of retail and wholesale payments in India through a rich portfolio serving banks, financial institutions, merchants, governments and other verticals. With this new partnership, FSS will be offering a new instant issuance solution to financial institutions – enabling secure instant issuance of payment cards and customer-selected PINs at account opening. This will enhance the customer experience, drive cost savings and increase revenue for financial institutions by eliminating mailing costs and giving consumers instant purchasing power.

“FSS has always been on the forefront of bringing new technologies to the payments domain in India,” says Nagaraj Mylandla, managing director of FSS. “Today, banks in India are focusing on new technologies to build a deeper engagement with their customers. The hosted instant card issuance solution that we are introducing through our partnership with Entrust Datacard is one such technology that will assist banks in India to achieve service excellence.”

He adds: “With this new instant issuance solution banks will be able to issue a personalised secure card to their customers along with a ‘Green PIN’ instantly after a new account is opened. In addition to providing the customer with ease of banking, banks will also gain by saving cost and time. I am confident that all banks in the country will soon move in this direction, which I foresee as another significant step in the future of retail banking.”

“We are pleased to have partnered with FSS to offer instant issuance of fully personalised cards across bank branches and key locations for customers to get their cards immediately at bank account opening,” says Rajiv Singh, managing director, Datacard South Asia. “We believe this partnership will accelerate both financial inclusion initiatives and digital access to the payments systems.”

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Entrust Datacard and FSS enter strategic partnership
Entrust Datacard and FSS enter strategic partnership

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